Historically, people believed that your home was the biggest investment you can make. When Robert Kiyosaki first published Rich Dad, Poor Dad in 1997, every publisher who had rejected his book had criticized the lesson regarding a person’s house not being an asset. Rich Dad Lesson: “Your house is not an asset.”

And the biggest savers are the poor and middle class. Today’s interest rates are relatively close to zero, which is what makes savers losers. Notably, after each stock market crash, the American government and the Federal Reserve Bank started “printing money.” When you look at the data visually, you can see how big of an impact the crashes were. The first three crashes of the 21st century pale in comparison to the great crash of 1929. However, the reason why savers are losers is that since 2000 there have been three massive stock market crashes. The emphasis on saving is only found in the poor and middle class. Thus, showing that the biggest increases in income go to entrepreneurs and investors– not employees. Some economists in California even noticed that about 95% of income gains between 2009-2012 went to the wealthiest people in the world– the one percent. In today’s world, there’s never been a more significant divide between the rich and all other income classes. Will there be a few surprises? Count on it.Rich Dad’s Lesson 1: “The rich don’t work for money.” and continue to rock more than a few boats in his retrospective. In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago.Īs always, readers can expect that Robert will be candid, insightful. Sidebars throughout the book will take readers fast forward from 1997 to today as Robert assesses how the principles taught by his rich dad have stood the test of time. In the 20th Anniversary Edition of this classic, Robert offers an update on what we've seen over the past 20 years related to money, investing, and the global economy. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.

Rich Dad Poor Dad is Robert's story of growing up with two dads his real father and the father of his best friend, his rich dad and the ways in which both men shaped his thoughts about money and investing. translated into dozens of languages and sold around the world. It has since become the #1 Personal Finance book of all time. April 2017 marks 20 years since Robert Kiyosaki's Rich Dad Poor Dad first made waves in the Personal Finance arena.

Robert t kiyosaki father